Commerce

Braintree Officially Joins PayPal as $800 Million eBay Acquisition Closes

Published on December 19, 2013
by Jason Del Rey

EBay’s $800 million purchase of payments startup Braintree on behalf of its Paypal subsidiary has closed, according to a PayPal blog post. The acquisition gives Paypal a strong foothold in the world of mobile app payments, which it hopes to bolster with the smaller acquisition of StackMob, announced earlier this week.

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URL: http://allthingsd.com/20131219/braintree-officially-joins-paypal-as-800-million-ebay-acquisition-closes/